3:30 PM: Immediately after meeting with the strike captains, Dave Young and other WGA negotiators went back to continue working on a draft of the deal language. Said one WGA strike captain, "We were told that the other side's lawyers just keep chipping away and making changes in order to gain a few crumbs more favorable. This is a dangerous game they're playing. It's Russian roulette."

2:15 PM: I'm told the WGA leadership spent from 10 AM to 2:15 PM today briefing strike captains point by point about the deal. I'm told among the bad news is that the negotiated writer-mogul terms still call for that 17-day window for ad-embedded TV show streaming. But one prominent strike captain describes the good news to me like this: "This is a decent deal if the distributors gross turns out to be a real number. There are some protections in there, and some good points, that I didn't expect them to be able to negotiate. On Saturday, I'll be speaking in favor of the deal. Writers need to let go of some dreams. It's not a resounding and humiliating defeat of the companies. But it also doesn't let the networks and studios treat the Internet like the Wild Wild West."